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3324 2nd Road N
Arlington, VA 22201
$1,799,999
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5700
Property Description
HUGE PRICE REDUCTION Lovely Ashton Heights Traditional home. Adjacent on one side to Columbia Gardens Cemetery which offers a green, quiet, park-like setting, enjoyed by neighbors for walking and bike rides. This location greatly reduces the chance of impact by EHO (Expanded Housing Option), Arlington County's new zoning law. The home was completely renovated and expanded to include 4 levels, 6 bedrooms, 5-1/2 bathrooms. The renovation was a complete renovation (down to the stud) including a replacement of all operational systems, plumbing, electrical, and a full 3-story addition including digging out the basement for full-ceiling height. This custom designed home offers a unique floor plan with multiple areas of living space and private areas to work from home. Enter the main level into a spacious foyer with ceramic tile flooring. The foyer opens to a light-filled spacious living room with gas fireplace and marble surround and hearth, ceiling fan, and maple hardwood floors. The living room adjoins the dining room for easy entertaining with maple hardwood floors, built-in maple cabinets with interior lighting, glass shelves, and glass countertops, and a Pecaso chandelier with Swarovski crystals. The maple hardwood floors continue into the kitchen which includes a large two-level center island, granite countertops, cherry cabinets with glass doors and underlighting, and a coffee / wine station. The stainless steel appliances are new (2023) and include 2 full-size convection ovens, a 5-burner gas cooktop, dishwasher, built-in microwave, and refrigerator. Off the kitchen is a breakfast room with tons of natural light and a large pantry. Adjoining the kitchen is an open family room with inset carpet, gas fireplace with ceramic surround, built-in cabinets and ceiling fan. The main floor includes an office/sunroom which opens to the multi-level deck and includes interior windows to the kitchen/family room for awesome pass-through light, a wood plank vaulted ceiling, and a ceiling fan. The next level offers a very large, open primary bedroom and bath with steam shower, double sink with appliance vanity, lighted Sani-jet tub, and walk-in closet. Also on this floor is a guest room with ensuite bath, another bedroom/study with built-in bookshelves, a full bath, and spacious laundry room with counters, wet sink and cabinets. The fourth level boasts treetop bedrooms 4 and 5 with ceiling fans, a full bath, a loft for homework and gaming with electric sky lights that open, have shades, and close automatically if it rains. There is a large walk-in finished storage space. The bottom level includes a large in-law suite, including a rec room with gas stove, built-in cabinets with wet bar, 5th full bathroom, and large bedroom (6th) / theater room with full windows that is wired for sound and a projector. For wine lovers, there is a wine cellar with dedicated cooling, space for 650+ bottles, granite counter display shelf, and room for bistro seating for tastings. The utility room offers a tankless water heater, water softener, utility tub, and freezer. The lower level provides an exterior entrance to an extra deep covered car port on the side of the house. There is also a detached oversized, extra deep, extra wide 2 car garage big enough for an extended cab truck with built-in storage cabinets, work space with work bench, finished floor, attic storage, and hot and cold water utility tub. The home's exterior includes dual pane energy efficient tilt-in windows, vinyl siding trim and soffits, multi-level deck with spa, and irrigation system. Close to Virginia Square, Ballston, Clarendon, and Metro, this lovely home provides an easy commute to DC, as well as easy access to I-95 and I-66. This home is ideal for privacy, work at home, commuting in every direction, and is close to entertainment for the entire family.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1936
MLS Number
VAAR2035990
Location
Address
3324 2ND ROAD N
City
ARLINGTON
State
VA
Zip Code
22201
County
ARLINGTON
Listing
Provider
Washington Fine Properties LLC, original listing
Name
Washington Fine Properties LLC
Phone
(202) 944-5000
Office Name
Washington Fine Properties
Office Phone
(703) 721-3600
Agent Name
Tom Avent

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.